BANKRUPTCY

Twin Peaks to remain open as parent company files Chapter 11 bankruptcy

(CNN) — The parent company of Twin Peaks restaurants is facing money troubles. Twin Hospitality Group filed for Chapter 11 bankruptcy in the southern district of Texas. The sports bar restaurant’s parent company did not announce how much debt it’s carrying — but a press release said the company intends to reorganize to maximize value for its stockholders. The restaurant…

Grain-dealer bankruptcy hits North Dakota farmers

A truck prepares to leave the Hansen-Mueller storage facility in Grand Forks, North Dakota, on Dec. 5, 2025. Hansen-Mueller has field for bankruptcy with some North Dakota farmers still owed money. (Photo by Jeff Beach/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — Some North Dakota farmers are owed money after a large bankruptcy filing by a Nebraska-based grain dealer. The…

JOANN Fabrics To Close All 800 Locations After More Than 80 Years in Business

JOANN Fabrics announces it will close all 800 locations and go out-of-business after more than 80 years. Earlier this month, the retailer announced that it would close 500 stores across the country after filing bankruptcy. JOANN Fabrics locations in Fargo, Grand Forks, Bemidji, Hibbing and Brookings in our region will be closing. The company says that subject to court approval,…

Fargo Brewing Company Bids Farewell

The outfit filed for bankruptcy in April, then announced in October they wouldn't be able to go on.

FARGO, N.D. (KVRR) — The party on University Drive kicked off in the old taproom – the entrance currently marked EMPLOYEES ONLY – where Fargo Brewing Company’s journey began back in 2010. Loyal customers turned up to celebrate the fun times, wishing they would have lasted just a bit longer. “It’s been a great place to come to, it’s always…

Former EPIC CEO Todd Berning owes more than $3 million to Minot bank

MINOT, N.D. (KVRR-KFGO) – Todd Berning, the former CEO of EPIC Companies, owes a Minot bank over $3 million according to a foreclosure notice recently filed in Ward County District Court. The foreclosure notice says Henry Land Holding LLC took out a mortgage in August 2021, for two properties in Minot. Ward County tax records show that the Henry Land…

Epic Companies declares bankruptcy

FARGO (KVRR) – North Dakota-based Epic Companies has filed for bankruptcy. The Minot-based business filed for Chapter 11, which involves the reorganization of debts and assets.  The reorganization would allow Epic to continue operating under supervision of the court. In court documents, Epic is declaring assets and liabilities of between $10 million and $50 million. The company is listing between 50…

Fargo Brewing Company declares bankruptcy

FARGO (KVRR) – Fargo Brewing Company has filed for Chapter 11 bankruptcy in order to re-organize its debts. The company made the announcement Tuesday on social media. “Since FBC began in 2010, the beer industry has experienced many challenges, including a pandemic, supply chain issues and differences in consumer drinking habits,” co-founder and president Jared Hardy said. “From a customer…

Appeals panel upholds bankruptcy court ruling in favor of Susan Bala

Susan BalaFARGO (KVRR) – A federal appeals court has upheld a federal bankruptcy judge’s ruling against Attorney General Wayne Stenehjem in his lengthy battle with the owner of a Fargo horse betting business. Iowa-based federal bankruptcy judge Thad Collins ruled against state claims in the complicated legal odyssey that began in 2004 against Susan Bala. Collins wrote “enough is enough”…

JCPenney Closing 4 stores in Minnesota, ND stores will remain open

PLANO, TX — J.C. Penney Company announced it will close 154 stores. Four of them are in Minnesota, the Willmar store and three in the Twin Cities. No North Dakota stores are on the list to close. The closings are part of a Chapter 11 bankruptcy protection filed earlier this month. This week JCPenney reopened 500 stores since government officials…